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Notifications/Circulars

Notification No. S.O.530(E) – Income Tax Dated 14/6/1995

June 14, 1995 378 Views 0 comment Print

Notification No.S.O.530(E) – Income Tax In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the 7-years 13 per cent. (taxable) Secured Redeemable Non-Convertible J-Series Bonds bearing distinctive numbers 101000001 to 101500000 of Rs. 1000 each aggregating an amount of Rs. 50 crores (rupees fifty crores

Notification No. S.O.529(E) – Income Tax Dated 14/6/1995

June 14, 1995 627 Views 0 comment Print

Notification No.S.O.529(E) – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies 9.25 per cent. per annum tax-free Secured Redeemable Non-Convertible Bonds (J-series) bearing distinctive numbers 100000001 to 101000000 aggregating an amount of Rs. 100 crores (Rupees one hundred

Issuing of Invoices under Rule 57 GG for supplies to DEM- Regarding

June 14, 1995 577 Views 0 comment Print

Circular No. 133/44/95-CX Representations have been received by the Board regarding difficulties in dispatching small consignment lots to each and every destination in the same vehicle used for transporting the goods from the factory of the manufacturer.

Evasion of excise duty on fabrics – Regarding

June 14, 1995 610 Views 0 comment Print

Circular No. 132/43/95-CX I am directed to invite your attention to the Notification No. 83/95-CE dated 24.4.95 which amends Notification Nos. 38/95-CE, 40/95-CE and 43/95-CE, all dated 16.3.1995 so as to remove the restriction on having facilities for bleaching, prating and dyeing for availing of the benefit of exemption under the above notifications. In its place, the earlier condition of not subjecting the fabrics to processes other than the specified processes within the same factory has been incorporated.

EPCG Scheme- CBEC Instructions on New Policy / Procedure

June 13, 1995 1295 Views 0 comment Print

Export Promotion Capital Goods (E.P.C.G.) Scheme has undergone certain changes in the revised edition of the Exim Policy published on 30th March, 1995 and the revised edition of Handbook of Procedure, Vol. I published on 30th April, 1995. In order to give effect to the changes, Department has issued notifications No. 108/95-Customs to 111/95-Customa all dated 5th June, 1995. The

Special VBAL Scheme for RMG – CBEC Instruction

June 13, 1995 763 Views 0 comment Print

A Special Value Based Scheme for exporters of ready-made garments was introduced by Ministry of Commerce vide their Notification No. 39 (N-7) /92-97 dated 27th August, 1992. To give effect to this scheme Notification No. 104/ 93-Customs dated 16th March, 1993 was issued. In this connection attention is invited to Circular NO. 6/93 dated 30th April, 1993 issued from F.No. 605/98

Export obligation Non-fulfilment – Adjudication not necessary for initiating action

June 12, 1995 571 Views 0 comment Print

In a case where export obligation under Duty Exemption Scheme was not fulfilled according to the prescribed procedure and Department had issued show Cause Notices for initiating action against persons importing duty free raw materials under the Duty

Measures to avoid misuse of Modvat credit – reg

June 9, 1995 613 Views 0 comment Print

Circular No. 131/42/95-CX I am directed to refer to Board”s Circular No. 12/93-CX.8 dated 02.11.1993 issued from F.No. 267/45/93-CX.8 on the above mentioned subject and to say that while verifying the genuineness of the extracts of RG-32A Part – I and II and the originals of duty paying documents and before the defacement of the latter the Range Superintendent Shall also compare all relevant entries in RG-23A Part- I and Part II with the duty and other particulars given on original duty paying documents

Transfer of Residence Form Revision

June 7, 1995 844 Views 0 comment Print

The undersigned in directed to say that it has been brought to the notice of the Board that the Transfer of Residence Form binge used in your Collect orate contains a clause that “the goods cleared by the passenger shall not be sold, displayed or advertised or offered for sale until their market price has displayed or advertised or offered for sale until their market price has depreciated to less than 50% of

Passbook scheme for duty free imports -CBEC Instructions

June 7, 1995 772 Views 0 comment Print

In the revised edition of the Exim Policy published on 31st March, 1995, Ministry of Commerce have introduced a new scheme called the Pass Book Scheme vide para 54 of the Policy, The procedure for this Scheme has been provided in para 114. In order to give

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